BlackRock excludes Rolls Royce from British tax payers investment fund and chooses China. We need to put Britain first.

Hundreds of millions of tax payers money within our parliament pension funds are blocked from those who keep our nation secure and alternatively invested in Chinese tech companies.

God above, give me strength. After the numerous hacks, spying cases, threats, dodgy donations to Labour and the now infamous mega spy embassy in the heart of London, we now find millions in pensions funds built with taxpayer money, have now been invested in China tech firms.

This just underscores the profound misalignment of priorities in Britain’s left wing public institutions. The Parliamentary Contributory Pension Fund (PCPF) manages the retirement savings of hundreds of MPs has allocated nearly two-fifths of its £853 million portfolio to investments that systematically exclude companies involved in nuclear weapons systems.

The BlackRock Low Carbon Fund and Schroders Multi-Factor Equity Fund both apply strict criteria that bar firms deriving significant revenue from nuclear weapons or related platforms. This policy directly blacklists Britain’s leading defence contractors BAE Systems, Babcock International and Rolls-Royce. All these companies play indispensable roles in the Royal Navy’s Trident submarine programme and the continuous at sea deterrent.

Chinese tech firms gain from British tax payer investment

At the same time, the fund maintains indirect holdings in Chinese technology giants Tencent and Contemporary Amperex Technology (CATL). Both companies have been identified by the United States as having substantial links to the People’s Liberation Army, raising serious questions about the wisdom of exposing British parliamentarians’ pensions to entities aligned with a strategic adversary.

MP Jack Rankin, who recently led a parliamentary debate on ESG investing, described the situation bluntly. Public sector pension schemes should not be permitted to exclude British defence companies, either directly or through blanket policies. He argued that this self imposed restriction sends precisely the wrong signal to the financial sector at a time when defence spending shortfalls exceed £28 billion and military leaders continue to warn of escalating threats from Russia and other state actors.

This episode is a symptom of a deeper ideological capture within Britain’s investment and regulatory frameworks. Environment, social, and governance (ESG) mandates, originally presented as prudent risk management, have evolved into mechanisms that penalise strategic national industries while tolerating exposure to geopolitical rivals.

Restore Britain will focus on the National Interest

The parliamentary pension fund episode should serve as a stark warning. Under a Restore Britain government, the misuse of taxpayer supported public money in this way would end immediately. By repealing the Equality Act, abolishing exclusionary ESG mandates, and imposing strict national interest criteria on all public investments, pension schemes would be required to back Britain’s defence contractors and strategic industries rather than blacklist them or channel funds toward Chinese linked entities that hate us.

Public procurement and investment rules would enforce Buy British across the board, ensuring that the retirement savings of MPs funded by the British taxpayer are deployed solely to strengthen national security, re-industrialisation and the prosperity of the British people.

Restore Britain’s unapologetic focus on merit, sovereignty and putting British citizens and businesses first offers the decisive break from ideological capture that the country now urgently requires.